Bitcoin Blockchain Will Be Backed Up In Space
http://www.ihavebitcoins.com/featured/bitcoins-space-earth/"Are users’ bitcoins safe under all earthly conditions? In the event of disruptions or outages to the terrestrial bitcoin peer to peer network, the not-for-profit project BitSat proposes a satellite node in space for the bitcoin network on Earth with a constellation of tiny BitSats continuously broadcasting the latest bitcoin block from orbit. The arrangement serves as a backup to the current information contained in the blockchain.
Jeff Garzik’s Dunvegan Space Systems (DSS) is an early stage spaceflight micro-company operating the non-profit BitSat project.
“Private spaceflight is breaking big, driving down costs so that great ideas like BitSats are within reach of even volunteer nonprofits,” said Garzik, who is organizing a donation-supported campaign to build and fly the system.
“We want to keep bitcoin healthy and free by finding alternative ways to distribute blockchain data.”
According to DSS, BitSat network will be a free-to-use network, permitting anyone with compatible satellite receiver hardware to receive the latest bitcoin blocks. Bitcoin block data is easy to distribute widely, lending itself to alternative ways to distribute blockchain data. This provides remote or off-grid bitcoin access and provides bitcoin access behind restrictive firewalls.
Bitcoin is peeking into the future and communities and scientists are moving heaven and earth to ensure it is here to stay."
I've decided Garzik is one crazy sonofabitch....and I need to party with that Cowboy.
